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Kyle Ferguson
Kyle Ferguson
Articles (522)  | Author's Website |

Bulldog Investors Smells Value in Potential Liquidation of JPMorgan China Region Fund

Company proposed liquidation in February

April 20, 2017 | About:

Bulldog Investors LLC purchased 181,840 shares of JPMorgan China Region Fund Inc. (NYSE:JFC) between March 21 and April 18 according to SEC filings.

The purchases came after the JPMorgan China Fund announced Feb. 16 its board of directors had determined to submit a proposal to liquidate the fund at the company’s next annual meeting of stockholders.

The meeting is scheduled to take place on May 11.

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The China Region Fund is a non-diversified, closed-end management investment company that seeks to achieve long-term capital appreciation through investing in equity securities of companies in China, Hong Kong, Taiwan and Macau. 

The company has a market cap of $117.60 million, a price-earnings (P/E) ratio of 15.73, a dividend yield of 3.75% and 6.45 million shares outstanding.

Disclosure: Author does not own any shares of this company.

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